Common use of Local Content Clause in Contracts

Local Content. The Shareholders agree to cause the Company (and the Company to cause its contractors) to give preference to and maximize the utilization of Saudi contractors, material suppliers, and employees in connection with the design, procurement, construction, ownership, or operation of the Project that are competitive in terms of performance standards, price, safety, quality, technical expertise, and time of delivery and are commensurate with the Project Standards and in a manner that is consistent with the local content policy of the Company (the “Local Content Policy”).